UK's main banks set up corporate venturing fund to help meet social obligations.
In July, six of the UK’s largest banks joined forces with the British Bankers’ Association (BBA) to form the Business Finance Task Force. The task force – consisting of Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander and Standard Chartered – was set up to examine how banks can do more to help Britain return to sustainable growth.
Its report – Supporting UK Business – was published last month. It acknowledges the "special responsibilities" banks must assume if…
